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    <title>2011 (5) TMI 650 - ITAT MUMBAI</title>
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    <description>The Tribunal partly allowed the assessee&#039;s appeal, ruling that the assessee was not a conduit for the other company. The Tribunal directed the CIT(A) to reconsider issues related to permanent establishment, taxability, computation of taxable profits, and interest levy in light of this determination. The income from sales revenue of advertisement was held to belong to the assessee and not as a conduit for the other company. The Tribunal restored the unresolved issues to the CIT(A) for proper adjudication after granting the assessee an opportunity to be heard.</description>
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      <link>https://www.taxtmi.com/caselaws?id=210331</link>
      <description>The Tribunal partly allowed the assessee&#039;s appeal, ruling that the assessee was not a conduit for the other company. The Tribunal directed the CIT(A) to reconsider issues related to permanent establishment, taxability, computation of taxable profits, and interest levy in light of this determination. The income from sales revenue of advertisement was held to belong to the assessee and not as a conduit for the other company. The Tribunal restored the unresolved issues to the CIT(A) for proper adjudication after granting the assessee an opportunity to be heard.</description>
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      <pubDate>Fri, 27 May 2011 00:00:00 +0530</pubDate>
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